Post office schemes: NSC, KVP, SCSS, MIS and time deposit rates
Updated: 14 November 2026
An educational illustration, not financial, tax or investment advice. Figures are estimates from the formula shown. Your bank, fund house or the official scheme rules decide the actual amount.
Open the post office savings calculator
Post office schemes pay a rate fixed by the government each quarter. For accounts opened from 1 October to 31 December 2026, rates are unchanged from the previous quarter. Once you invest in NSC, KVP, SCSS, MIS or a time deposit, the rate on that day applies for the full term.
Quick answer
- NSC 7.7%, KVP 7.5%, SCSS 8.2%, MIS 7.4%, time deposits 6.9% (1 year) to 7.5% (5 years).
- ₹1,00,000 in NSC grows to about ₹1,44,903 in 5 years.
- KVP doubles your money in 115 months at 7.5%.
- ₹30 lakh in SCSS pays about ₹61,500 every quarter. ₹9 lakh in MIS pays about ₹5,550 a month.
Rates for October–December 2026
| Scheme | Rate | How it pays | Example |
|---|---|---|---|
| National Savings Certificate (NSC) | 7.7% | Compounded yearly, paid at maturity after 5 years | ₹1,00,000 → ₹1,44,903 |
| Kisan Vikas Patra (KVP) | 7.5% | Compounded yearly; pays double | Doubles in 115 months |
| Senior Citizens Savings Scheme (SCSS) | 8.2% | Interest every quarter; amount back after 5 years | ₹30,00,000 → ₹61,500 a quarter |
| Monthly Income Scheme (MIS) | 7.4% | Interest every month; amount back after 5 years | ₹9,00,000 → ₹5,550 a month |
| Time deposit, 1 year | 6.9% | Compounded quarterly, paid yearly | ₹1,00,000 → ₹7,081 interest |
| Time deposit, 2 years | 7.0% | Compounded quarterly, paid yearly | |
| Time deposit, 3 years | 7.1% | Compounded quarterly, paid yearly | |
| Time deposit, 5 years | 7.5% | Compounded quarterly, paid yearly | ₹1,00,000 → ₹7,714 a year |
| Recurring deposit, 5 years | 6.7% | Compounded quarterly | See the RD guide |
| PPF | 7.1% | Yearly, tax-free | See the PPF guide |
| Sukanya Samriddhi | 8.2% | Yearly | See the SSY guide |
Limits to know
- SCSS: up to ₹30 lakh per person.
- MIS: up to ₹9 lakh in a single account and ₹15 lakh in a joint account (₹15 lakh at 7.4% pays about ₹9,250 a month).
- NSC, KVP and time deposits: no upper limit.
Choosing a scheme
- Regular income: SCSS (if you are eligible as a senior citizen) or MIS.
- Grow a lump sum: NSC or a 5-year time deposit. KVP if you just want it to double.
- Save monthly: the RD; see how RD interest is calculated.
- Long-term, tax-free: PPF; for a daughter under 10, Sukanya Samriddhi.
Interest from most of these schemes is added to your income and taxed at your slab rate; some give a deduction in the old regime. Check the current rules for your tax year.
How to use the calculator
- Open the post office savings calculator and choose a scheme.
- Enter the amount. The current rate fills in; you can change it.
- Read the maturity value or the regular payouts.
Limits
Rates apply to accounts opened in October–December 2026. Eligibility rules (for example, the SCSS age condition), premature-closure penalties and tax are not modelled. The post office decides.
Sources
- Post office savings calculator: rates and payout rules used
- Department of Posts, SB Order No. 12/2026 (30 September 2026): rates for 1 October to 31 December 2026 unchanged
- Indian Bank: small savings rates for 1 July–30 September and 1 October–31 December 2026
- Free Press Journal: small savings rates unchanged for October–December 2026 (PPF 7.1%, NSC 7.7%)
- Angel One, 1 October 2026: rates for October–December 2026, including the 5-year RD at 6.7%
If this page and the official notice disagree, follow the notice.
FAQ
What are post office interest rates for October–December 2026?
How long does KVP take to double money?
What does ₹30 lakh in SCSS pay?
Does the rate change after I invest?
Is post office interest taxable?
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